Many savers are closing their smart postal savings accounts due to the disadvantages that have recently emerged: the implication is unexpected.
The Libretto Smart is the digital evolution of the paper postal booklet, widely used by many Italian citizens. The various technological implications have given rise to a digital possibility that initially captured general attention.
As with every area, there are advantages and disadvantages to analyze, especially because traps can suddenly emerge that make the tool no longer usable. For this reason many people are closing their smart postal savings book. Let’s go into detail to understand what is happening and what advantages have emerged recently.
The disadvantages of the smart postal savings account: savers may think again
The smart postal savings book is the recent evolution of the traditional paper savings book. All sums deposited in the booklet have the guarantee of the Italian State without limits on amount. An important aspect concerns costs given that this booklet is free and is not linked to any management costs. However, it is necessary to consider the presence ofannual stamp duty of 34.20 eurosif the average stock exceeds 5,000 euros.
This digital tool also has a decidedly difficult downside. The disadvantages include: almost zero profitability And the impossibility of carrying out SEPA transfers output towards their current accounts.
Alongside these two important disadvantages there is the inability to execute RID or payment orders and, as mentioned previously, the presence of the annual stamp duty in case the average balance limit is exceeded.
Before proceeding to open the booklet it is absolutely important to consider the complicated recovery procedures in case of loss of this instrument, the PIN or the expiration of the Passbook Card. An aspect that should not be underestimated given that it is not so rare to lose some element of the postal instrument.
In short, there are several elements that need to be analyzed regarding the smart postal passbook. The disadvantages can represent a serious problem both for savers who want to move in this direction and for those who already have it at their disposal.
Which is why knowing these disadvantages allows you to make an informed decision whether to continue using the booklet or direct your attention to tools more suited to your situation.
